MidCap Financial Investment Co. (NASDAQ:MFIC) Holdings Lowered by CoreCap Advisors LLC

CoreCap Advisors LLC trimmed its holdings in shares of MidCap Financial Investment Co. (NASDAQ:MFIC) by 6.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,145 shares of the company’s stock after selling 954 shares during the period. CoreCap Advisors LLC’s holdings in MidCap Financial Investment were worth $191,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. raised its position in MidCap Financial Investment by 273.7% during the third quarter. JPMorgan Chase & Co. now owns 141,640 shares of the company’s stock valued at $1,897,000 after buying an additional 103,741 shares during the period. Barclays PLC increased its position in MidCap Financial Investment by 190,106.2% in the 3rd quarter. Barclays PLC now owns 123,634 shares of the company’s stock worth $1,656,000 after purchasing an additional 123,569 shares during the last quarter. J.W. Cole Advisors Inc. increased its position in MidCap Financial Investment by 74.4% in the 4th quarter. J.W. Cole Advisors Inc. now owns 81,756 shares of the company’s stock worth $1,103,000 after purchasing an additional 34,875 shares during the last quarter. Franklin Resources Inc. increased its position in MidCap Financial Investment by 32.4% in the 3rd quarter. Franklin Resources Inc. now owns 384,054 shares of the company’s stock worth $5,116,000 after purchasing an additional 93,972 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its position in MidCap Financial Investment by 11.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 356,657 shares of the company’s stock worth $4,811,000 after purchasing an additional 35,341 shares during the last quarter. 28.45% of the stock is owned by institutional investors and hedge funds.

MidCap Financial Investment Price Performance

Shares of MFIC stock opened at $12.15 on Monday. The stock has a 50 day moving average of $12.20 and a two-hundred day moving average of $13.22. The company has a current ratio of 8.51, a quick ratio of 8.51 and a debt-to-equity ratio of 1.25. MidCap Financial Investment Co. has a 12 month low of $10.18 and a 12 month high of $16.37. The company has a market capitalization of $1.13 billion, a P/E ratio of 7.79 and a beta of 1.00.

MidCap Financial Investment (NASDAQ:MFIC) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.40 EPS for the quarter, hitting analysts’ consensus estimates of $0.40. MidCap Financial Investment had a return on equity of 11.37% and a net margin of 37.05%. The company had revenue of $82.16 million during the quarter, compared to the consensus estimate of $86.28 million. As a group, equities analysts expect that MidCap Financial Investment Co. will post 1.73 EPS for the current year.

MidCap Financial Investment Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, March 11th were given a $0.38 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 12.51%. MidCap Financial Investment’s dividend payout ratio is currently 116.03%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of MidCap Financial Investment from $15.00 to $14.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company lowered their price objective on MidCap Financial Investment from $14.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Finally, JPMorgan Chase & Co. lowered their target price on MidCap Financial Investment from $13.50 to $11.50 and set a “neutral” rating on the stock in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MidCap Financial Investment has an average rating of “Moderate Buy” and an average target price of $13.80.

About MidCap Financial Investment

MidCap Financial Investment Corporation (Former name Apollo Investment Corporation) is business development company and a closed-end, externally managed, non-diversified management investment company. It is elected to be treated as a business development company (BDC) under the Investment Company Act of 1940 (the 1940 Act) specializing in private equity investments in leveraged buyouts, acquisitions, recapitalizations, growth capital, refinancing and private middle market companies.